Nonprofit · EIN 47-1553568
TWIN LAKES STEM ACADEMY
Also known as REBECCA MAGNUSON SOLE MBR
Tax-exempt · BROOKLYN CTR, MN 55429
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,179,250 | $4,509,351 | -$330,101 | $12,158,976 | $14,680,162 | -$2,521,186 |
| June 30, 2024 | 990 | $4,082,738 | $4,442,946 | -$360,208 | $12,752,996 | $14,944,081 | -$2,191,085 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,178,801
- of which government grants
- $4,149,940
- Program service revenue
- $0
- Investment income
- $449
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $276,260
- Other salaries and wages
- $1,457,758
- Salaries, compensation and benefits (total)
- $2,217,831
- Professional fundraising fees
- $0
- Legal fees
- $1,850
- Accounting fees
- $110,982
- Occupancy
- $709,048
- Depreciation
- $370,080
- Program services (functional)
- $4,027,386
- Management and general (functional)
- $481,965
Balance sheet and other
- Total assets, start of year
- $12,752,996
- Total assets, end of year
- $12,158,976
- Total liabilities, end of year
- $14,680,162
- Net assets, end of year
- -$2,521,186
- Land, buildings and equipment
- $10,901,252
- Gross receipts
- $4,179,250
- Employees
- 38
- Volunteers
- 10
- Year formed
- 2014
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Stockwell | Principal/Executive Director Officer | 40 | $95,275 | $16,174 |
| Malaney Peterson | Member Trustee or director | 40 | $58,770 | $10,379 |
| Paige Lund | Member Trustee or director | 40 | $57,514 | $10,286 |
| Jeremy Gharinch | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Badrudin Aden | Member Trustee or director | 2 | $0 | $0 |
| James Cosgrove | Member Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Stockwell | Principal/Executive Director Officer | 40 | $85,335 | $14,715 |
| Malaney Peterson | Teacher Member Trustee or director | 40 | $56,947 | $11,236 |
| Paige Lund | Board Member Trustee or director | 40 | $49,607 | $10,225 |
| Patrick Exner | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Abdirashid Abdi | Community Member Trustee or director | 2 | $0 | $0 |
| Jenabo Tourre | Parent Member Trustee or director | 2 | $0 | $0 |
| Jeremy Gharinch | Member Trustee or director | 2 | $0 | $0 |
| James Cosgrove | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6201 NOBLE AVE N, BROOKLYN CTR, MN 55429-2483
- Principal officer (990 for 2024)
- Jason Stockwell, 6201 Noble Avenue North, Brooklyn Center, MN 55429
- Signed the 990
- Jason Stockwell, Executive Director
- Phone
- (763) 338-9373
- Return prepared by
- Robert Reese Procaccini CPA
Mission
TESFA INTERNATIONAL SCHOOL IS COMMITTED TO PROVIDING AN EQUITABLE AND EMPOWERING EDUCATION FOR ALL. OUR SCHOLARS WILL ENGAGE IN A TRANSDISCIPLINARY CURRICULUM SUPPORTED BY CONCEPTUAL AND INQUIRY BASED LEARNING. SIDE-BY-SIDE WITH DEDICATED EDUCATORS, SCHOLARS WILL DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTERISTICS NECESSARY FOR ACTIVE CITIZENSHIP THROUGHOUT THE WORLD.
Program accomplishments
- TWIN LAKES STEM ACADEMY IS A FREE PUBLIC K-6 CHARTER SCHOOL THAT IS COMMITTED TO PROVIDING AN EQUITABLE AND EMPOWERING EDUCATION FOR ALL. OUR STUDENTS WILL BE PREPARED FOR A SUCCESSFUL TRANSITION TO THE MOST RIGOROUS AND CHALLENGING MIDDLE SCHOOL PROGRAMS. THROUGH THEIR EXPERIENCE AT TLSA, STUDENTS WILL BE HELD TO THE HIGHEST OF STANDARDS BOTH ACADEMICALLY AND SOCIALLY, TO PREPARE THEM FOR COLLEGE AND CAREERS, AS WELL AS WITH LEADERSHIP SKILLS REQUIRED OF ACTIVE AND PRODUCTIVE CITIZENS IN THE 21ST CENTURY. THROUGH ACCESS AND EQUITY, STUDENTS WILL FOLLOW A PATHWAY TO SUCCESS FOR THEM AND THEIR COMMUNITIES. TLSA IS AUTHORIZED BY THE VOLUNTEERS OF AMERICA-MINNESOTA AND COMMENCED ITS FIRST SCHOOL YEAR ON AUGUST 24TH, 2015.Expenses $4,027,386
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1553568
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $12,158,976
- Income (IRS master file)
- $4,179,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,179,250 | $4,509,351 | $12,158,976 | IRS |
| 990 | June 2024 | $4,082,738 | $4,442,946 | $12,752,996 | IRS |
| 990 | June 2023 | $3,563,185 | $4,045,445 | $13,660,081 | IRS |
| 990 | June 2022 | $4,398,825 | $4,847,071 | $13,917,040 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about TWIN LAKES STEM ACADEMY
- What is the EIN of TWIN LAKES STEM ACADEMY?
- The employer identification number (EIN) of TWIN LAKES STEM ACADEMY is 47-1553568.
- Is TWIN LAKES STEM ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to TWIN LAKES STEM ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TWIN LAKES STEM ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TWIN LAKES STEM ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWIN LAKES STEM ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TWIN LAKES STEM ACADEMY?
- The 990 for the year ended June 30, 2025 names Jason Stockwell.
- Who are the officers and directors of TWIN LAKES STEM ACADEMY?
- The 990 for the year ended June 30, 2025 lists 6 people; 3 received compensation from the organization, the highest $95,275 (Jason Stockwell, Principal/Executive Director).
- How much revenue does TWIN LAKES STEM ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,179,250, expenses of $4,509,351 and total assets of $12,158,976 at year end.
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